What are you waiting for, Mr. Buffett? You can write a check to the Treasury RIGHT NOW!

11:21 am November 28, 2012

giant4hire wrote:

Why, so can you, anonymous! What's stopping you from writing that deficit busting check? Let's face it, if this is your version of reasoning, I think a court injunction to keep you 100 yards away from logic should be issued.

11:34 am November 28, 2012

Roger Clark wrote:

Anonymous is correct on this one. There is absolutely nothing that prevents Warren Buffet from paying as much in taxes as he thinks is appropriate. The point here is that he is not really saying he wants to pay more taxes.... he wants everyone to pay more taxes!

12:01 pm November 28, 2012

NO wrote:

The issue is not how much taxes Warren Buffett pays. The issue is how the government spends tax money.

The obama approach is to shield Americans from economic realities by transferring wealth. It seeks to make poverty comfortable. You need a lot of tax money for this.

Mr. Buffett, please focus on strenghtening America. We need a country that can compete in the world economy. This means taking government out of business. This means allowing successful people to use their profits to invest in ways THEY see fit.

Finally, there is not enough money to be taken from the "rich" to support the government's spending. While Warren says "tax me more", what will really happen is everyone's wallet will be drained.

Make America strong, not a socialist welfare state.

12:18 pm November 28, 2012

wiseguy wrote:

The biggest tax dodger in US history is asking for tax increase!!

By putting his asset into Gates Foundation, he is saying that he and Gates know how to spend the money better than government. But hey, other billionaires do not!.

Pure hypocrite!!

Like so many people already said, go ahead to write the check to IRS.

If it is a patriotic thing to do, he should do it now. If it is a right thing to do, it is a right thing to do whether others do it or not.

12:21 pm November 28, 2012

wiseguy wrote:

50% of the people are democrats. Many are millionaires and billionaires. If they all start contributing additional tax to IRS, they can jointly solve at least half the deficit problem, right?

This is their logic.

So, go ahead. Hypocrite!

12:34 pm November 28, 2012

Agreed, pay up Buffett!! wrote:

Just write a big check. Maybe a billion dollar check. Then go on TV and show how you did it. Then ask others to do the same thing. Maybe even have a check-off so the money can be ID'ed on taxes. Next year, we can see how much money was donated by others to Uncle Sam.

12:34 pm November 28, 2012

Oort Cloud wrote:

Warren Buffet misrepresents hs tax rate every time he talks about it.

He counts only the taxes paid on his individual tax return -- Form 1040.

For any owner of a business, it is also important to count his income from and the taxes he pays on his business income. He's not doing that.

I'm a tax lawyer and it would be impossible for his accountant/lawyer not to have informed him that his tax rate on Form 1040 is X%, his tax rate on the current Berkshire Hathaway income is Y%, and the tax rate on the deferred Berkshire Hathaway income is Z%. He has chosen to use only the X% number and does not count the rest.

This is an intentional misrepresentation, presumably for political purposes.

12:35 pm November 28, 2012

Marty wrote:

Buffet is an idiot. Even if you take all the rich people's money and apply it to the defciet, it won't make a difference. They need to cut the spending and raise taxes.

12:40 pm November 28, 2012

Samuel Adams wrote:

No Buffet is not an idiot. He's the ultimate crony capitalist and figuring that the current regime would be around another 4 years, he wisely started currying favor early. Buffett creates a great image--but note that he carefully keeps hands off enough from his investments to have plausible deniability whenever something goes wrong--witness how he jettisoned highly respected CEO of GenRe the moment their appeared to be a problem. Think Goldman preferred convertible investment was just good timing? I haven't been buying his BS for years.

12:48 pm November 28, 2012

GetReal wrote:

I wonder if Warren would like to propose zero deductions for those who earn more than $100M?

12:53 pm November 28, 2012

ri native wrote:

Buffett is a total hypocrite. If he was so concerned with paying enough taxes, then he should cash in his Berkshire shares and pay the enormous cap gain taxes owed. But no, he gifts the shares, tax free, to the Gates foundation instead. He should worry about paying his own taxes, not trying to make public policy for everyone else.

1:01 pm November 28, 2012

caryoki wrote:

The Government should leave income taxes alone and expropriate 50% of the wealth of the top 100 wealthiest property owners in America. How would that work out for you Warren?

1:14 pm November 28, 2012

Dan Tanna wrote:

Yes, please take all of Warren Buffet's money. Make him the happiest man on Earth.

2:05 pm November 28, 2012

Henrietta Moo wrote:

You Republicans miss the point (as usual; and completely, again, as usual). While Buffet may not be currently paying the tax increase he is proposing, he is doing what's perfectly legal (taking advantage of tax loopholes to lower his taxes). He's just advocating for a change in the law.

Furthermore, since none of you are as wealthy as he, why are you complaining? (Just to show that you don't like paying taxes. Well, who does?) You know better than anyone else that none of you have a chance of achieving his wealth, so shut up already.

2:06 pm November 28, 2012

Anonymous wrote:

stfu buffett

2:45 pm November 28, 2012

wiseguy wrote:

@Henrietta Moo (2:05 pm )

No, Henrietta, you are the one missing the point.

Buffett wants to change the law for what? So that he and other billionaires can pay more tax. And yet he fight from head to toe to avoid tax. The hypocrisy is so obvious that only a brainwashed like you can't see that.

And whether we are as wealthy as him is irrelevant. For your info: Obama is proposing tax on evil "millionaires" earning 200k. Understand the problem now? It hits many who are much poorer than Buffett.

2:54 pm November 28, 2012

bobby johnson wrote:

Great, all he has to do is send these additional monies to the treasury anytime he wishes. They will spend it unwisely.

5:09 pm November 28, 2012

don wrote:

Wow what a generous fair man. At the age of 82 with $50 billion and no idea what to do with all his money, he now decides that paying more taxes would only be fair.

5:12 pm November 28, 2012

don wrote:

I will be more generous than Warren. When I am only 75 years old and have only 1 mere $10 billion, I will gladly pay a little more taxes, just to be fair to all

5:13 pm November 28, 2012

don wrote:

He's like an American hero this guy, I am tearing up.

5:52 pm November 28, 2012

Diogenes wrote:

CJF, anytime W. Buffett wants to write a check to OweBama and dead-beat bureaucrats, he can.

And that check is TAX-DEDUCTIBLE.

Got it? You're welcome.

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